ANN ARBOR — More than half of Michigan's local government leaders are concerned about the potential impact of the next recession on their jurisdictions' ability to deliver public services and maintain government operations.
Although local leaders have widespread concern about the potential impacts, few expect that the next recession will hit soon. About 3% predict that it will begin in the next 12 months, 26% say within one to two years, and 31% estimate it is more than two years away.
Thomas Ivacko, interim director of the Center for Local, State, and Urban Policy at U-M's Ford School of Public Policy says "While no one knows when the next recession will hit or how bad it will be, the economic growth clock is ticking,"
Michigan has experienced 10 years of steady economic recovery since the end of the great recession in 2009. Data from the Michigan Public Policy Survey shows just over a quarter of local governments (26%) report taking specific actions to prepare for recession. Common actions taken include paying down debt, increasing savings, reducing spending and taking advantage of grants.
(11-11-2019) Sturgis declares snow removal emergency
(11-11-2019) Slick roads, too much speed cause crashes
(11-11-2019) Westview students sing anthem at Pacers game
(11-11-2019) Time to recall winter driving skills
(11-11-2019) Elkhart woman hurt in crash charged with OWI
(11-11-2019) Shipshewana man jailed on FTA charges
(11-11-2019) Man in stolen pickup truck charged
(11-09-2019) Committee will choose sheriff's successor
(11-09-2019) Elkhart man dies in single vehicle crash
(11-08-2019) Six arrested in Avilla during drug investigation
(11-08-2019) Local man unhurt as plane makes emergency landing
(11-07-2019) Shipshewana woman hit by tractor flown to Ft. Wayne
(11-07-2019) Crash sends two to Goshen Hospital
(11-06-2019) Mendon area voters narrowly approve solar farm issue
(11-06-2019) SJC Sheriff Brad Balk to retire at end of January
(11-06-2019) Howe man jailed on felony charges
(11-06-2019) St. Joseph County voters approve CTE millage